Mactheriverrat
3,157 posts
msg #128081
- Ignore Mactheriverrat |
4/20/2016 9:36:46 AM
That's how one gets started posting filters- Now the fun starts when one comes up with other ideas to add or take away
|
irishpitbull
54 posts
msg #128084
- Ignore irishpitbull |
4/20/2016 12:29:05 PM
For me, It all comes down to time-frame and draw-down acceptance.
My trades are a week or 2 with less than a 4% DD and minimum 5% profit target. This is how I make a living so buy and hold is a none starter for me.
I also think a single filter in not the answer, I use 3 that are built around a system. Not all setups work in every market type, also shorting should be used as regularly as going long.
Just a little background, I continually beat the market year after year and avg 7%-10% my book each month pretty easy with a stress free system.
Here is a filter use alot.
price is above 20
ema(21) crossed above ema(30)
ema(30) is above ema(50)
ema(50) is above ma(110)
ma(110) is above ma(200)
volume is greater than 300000
|
graftonian
1,089 posts
msg #128085
- Ignore graftonian |
4/20/2016 12:57:07 PM
IPB, Thanks for the filter, will play around with it. If I could make 7-10% per month, I'd be dancing a jig(if I could dance).
|
fotchstecker
304 posts
msg #128096
- Ignore fotchstecker
modified |
4/21/2016 3:46:47 PM
Irish, can you detail how you actually execute trades? Market on open? Limit? This is the kind of information that is sorely lacking throughout stockfetcher. What starts out as a good probability scenario can be completely negated without an effective execution system. I nearly never hear folks on SF talk about how they real-world implement their setups. Thanks.
|
graftonian
1,089 posts
msg #128099
- Ignore graftonian |
4/21/2016 5:46:43 PM
This filter (I call it Calvins favorite for lack of a better name) seems to be doing OK, at least in the short term. 13% on GPL yesterday and 16% on BCEI today. I am sitting on GLBL and XCO, with an after hours order in for VIAB. Only time will tell. By the way, I am a newby and any comments to help me along are welcomed
|
irishpitbull
54 posts
msg #128100
- Ignore irishpitbull
modified |
4/21/2016 8:03:52 PM
Sure no problem. Here is 1st one that triggered this year, during a really rough trading period. 8% in 3 days after it triggered. I think I covered everything in the chart. I usually take the 5 day low as the stop. It's subjective but works really well.
https://www.dropbox.com/s/26byie1v63uupp7/cor.PNG?dl=0
|
SAFeTRADE
646 posts
msg #128101
- Ignore SAFeTRADE |
4/21/2016 9:08:50 PM
When you say ATR 3 on scanned day how many days ATR. ATR(10), ATR(20) etc. What Day ATR
Thanks
|
irishpitbull
54 posts
msg #128105
- Ignore irishpitbull |
4/22/2016 7:26:30 AM
The standard ATR(14).
|
SAFeTRADE
646 posts
msg #128106
- Ignore SAFeTRADE |
4/22/2016 7:49:34 AM
Thank you for your quick response. ATR(14) * 3.
Safetrade
|
irishpitbull
54 posts
msg #128107
- Ignore irishpitbull |
4/22/2016 8:28:32 AM
You could add this to the filter and get a stop and profit target column added.
set{ iTargetPrice , ATR(14) * 3 }
set{ Target , itargetprice +high}
add column Target
set{ iStopPrice , close * -.07 }
set{ Stop , istopprice +close}
add column Stop
set{B, Target}
set{A, high}
set{C, B - A}
set{Profit, C/A}
add column Profit
|